[radhutheoptimist]

Can’t understand Kallol’s personality. Why would an IIT & IIM act like a sidekick to a criminal? Doesn’t he have a mind of his own? One 7K CR international company is given to him on a platter. Even if he takes care of simple corporate governance he can turn around the company’s image and project himself as a great CEO. That too he can do it very easily under the current dummy board and may get full blessings of SEBI and 80% of investors. Just wondering what is stopping him doing such a thing. Doesn’t he have a self pride?… Hasn’t he learnt anything from IIT & IIM? Shame on him and shame on those great institutions.

Whatever biscuits being thrown at him right now… He can make multifold of it on his own if he takes right action. Basically he is proving himself as a failure even when great opportunities thrusted on him. That shows why he didn’t have a great career even after all those qualifications… Proving himself that he is just a dumbass.

Time to start #ThooThoo Kallol campaign.

[radhutheoptimist]

In the absence of any credible information we make all kind of assumptions based on the data available to us.

For now I feel… It is not SKR alone looking for an exit route. But SEBI too😀….

Whatever White Knight I was assuming may have chickened out once SKR showed what is their in store for the white knight if he gets in by showing signs of Subsidiaries getting hived off. No one will touch BCG minus OMS.

Now white knight is out and it is only SKR and SEBI. SKR made the move by showing dysfunctional BCG without his leadership. It is SEBI’s turn now. The message to SEBI is very clear now. What is that they want…. BCG with SKR or Just an Empty BCG. SEBI has to take a call… A mutually acceptable exit for both SKR and SEBI.

As for as SAT judgement is concerned I see a long drag. SAT can give judgement only on existing case…. Which is related to SCNs. Whatever be the judgement SKR still has an option to drag the case when SEBI comes out with final order.

IMO… SEBI giving BCG back to SKR with big penalty (even 1000 cr may be acceptable to SKR) seems to be the option.🤞

[radhutheoptimist]

Logan ji, question to you. As per the rule of the land, when full amount is not paid within the stipulated time a warrant cannot converted. If done already the share and subsequent bonus need to be cancelled. This is the rule and I am sure SEBI will insist on it.

Now, most of the FPIs and other individuals who bought the warrants have already sold.

BCG in turn can cancel the existing shares of individuals and FPIs which are not yet sold.

However, SEBI may insist on BCG as a company to buy back the shares from the market and cancel it subsequently. It may put the onus on BCG to collect the balance amount. There is a possibility of FPIs going scotfree and financial implications falling once again on BCG. BCG may have to do the same with reverse split kind of process to nullify the effect and it’s reserves may reduce to that extent. And they may put amount as account receivable from FPIs.

Atleast SEBI has woken up now and put a hold on all 22 warrant beneficiaries. I don’t know the quantum of holding of these entities.

My point is, we are looking at some 80 crore shares getting reduced and the implication of this. I consider that as a positive way out.

They can come out with some kind of reverse split process as happened in 3i Infotech to nullify the effect of warrants and subsequent bonus shares.

Am I right in my thinking?

[radhutheoptimist]

Ofcourse this is not buy or sell call. Henceforth there will be lot of pressure both internal and external. Internally we will feel so much anxiety…. Any LCs or just a fall in price may trigger the trauma we had experienced before.

But calmly think about the fundamentals. I will consider the following points before making my decision.

– a debt free company, with substantial FCF, in a niche market, with some 30+ annual compounded growth, with projected EPS closer to 9 that barely crossed 3 PE. Is that a right price?

– Earlier LLPs were selling as if there was no tomorrow as their purchase price was in single digit. Can they do it again?

– Promotors were holding just 3% of the shares then. There wasn’t much incentive for them then had the price gone up. Is that the case now. When they are holding 18+%.

– market weren’t believing the numbers before… Now… Audited figures are available. Will the market continue to mistrust the numbers?

– FA verdict is not yet out. Whatever be the verdict…. Will it impact their business?

– what if DII starts buying… Will I get an opportunity again to purchase if I sell now?

– how exactly an investor who is very new to BCG look at the price now?

Right now I am not nervous and feel very confident. But I am not sure if I will have the same convictions if I see some LCs added with some negative news. But I know this feeling will continue for sometimes till BCG comfortably settled in the market with normal trade.

At this stage I can only keep🤞. And wait for 9am next day🥶

[radhutheoptimist]

Regarding ESOP purchae….

Initially I was also thinking why BCG didn’t buy anything towards ESOP trust. But now I feel there is no reason for BCG to buy for ESOP. It was just a biscuit thrown those days during bull run.

My logic is…. What is the contribution of revenue by Indian unit? What kind of employees they may be having? May be around 300 in India. Most of the employees may be making 6L C2C. What kind of ESOP can you provide to them? Some 500 shares… So how much can you purchase from the market? Somewhere around 200k shares…. What kind of impact can it create if BCG actually purchase it towards ESOP? IMO nil. So it is better to keep the investors assuming that BCG will buy some huge quantity towards ESOP rather than actually executing it. So I feel it is no big deal.

When will ESOP can have real meaning? When BCG goes for Nasdaq listing and provides ESOP to key employees of subsidiaries…. Then it makes big difference.

I think that may happen soon as it may be difficult to keep key employees without share options in AD tech industries.

This is just my guess work… I may be totally wrong.

[radhutheoptimist]

Hmmm… Numbers don’t add up🤔

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[radhutheoptimist]

I strongly feel forming an association of Brightcom Group Investors is very much needed. We have plenty of long-term investors in this group. Let’s have an association first irrespective of the price movement. I am sure there are people including me who can financially contribute. The process takes around atleast one month with tasks such as preparing memorandum of association (MOA), forming board members, getting PAN and bank accounts. The association can legally represent investors to insist on faster closure of FA or to direct exchanges to take action on (if any) unethical practices by the promotors or operators. This will surely act as a deterrent and retail investors will get their due respect. I am still hopeful of fundamentals of BCG and this stock cannot remain at this number because of few individuals… BCG has the potential to become our retirement fund if it is in right hand

We have so many genuine experts in this group and other group to guide. Once an association is formed retail investors can have one voice and one direction to resist any unethical practices. Think about it.

One Leader who is well respected in the group or market in general is required. Plenty of volunteers may jump in to do the ground work. Who wants take up the position 👑.

[radhutheoptimist]

I feel we have to ask SKR to step down from CEO as he failed miserably to safeguard investors interest and there are very high possibility of him using his position to control the share price to his personal benefits.

I am not sure how suitable former TATA executive Mr. Nilendu Narayan Chakraborty who was appointed as a director of BCG sometimes back to fit in CEO position.

Bottom-line is investors must insist on ousting SKR from BCG.

[radhutheoptimist]

Logan ji…. Let’s take one step at a time. Right now form a retail investors association. It takes just 12 members to form an association. We can form one and you have all the respect from the group members and others to initiate such things. And we can legally handle this.

[radhutheoptimist]

Someone has stolen money from you. You approach the police but don’t get any help. But you know the thief’s house. What do you do next if you are desparate… Won’t you go to his house and shout?

Looks like ‘Chalo Hyderabad’ and ‘ThooThooSKR’ is the only option left to retail.😫

[radhutheoptimist]

#ThooThooSKR

As I singularly blame SKR for current situation. From the point of
– Axis Bank loan handling
– 5 Paisa dividend delay
– Daum Debacle
– Bonus Bonanzas
– Mediamint/audio Lolipops
– Bonus share distribution
– Equity dilution for no reason
– Forensic Audit

Everything is planned to just make some personal gains. Just to vent out my frustrations At this stage I can only digitally spit at the person responsible by saying
#ThooThooSKR

[radhutheoptimist]

Logan ji… Don’t get me wrong. Individuals cannot do much in this situation. It requires a critical mass. There are 4+ lakh retailers. Even 1% of us join together form a kind of association and make little noise… It will be heard at the right place… SEBI NSE SKR…. Today you see so much circular trading is happening. I personally complained in scores…. Ofcourse they don’t give any kind of tickets for such complaints (I really feel like puking at SEBI with current mechanism)….

It requires collective efforts. At this stage meeting SKR may not yield any result…. But 100 of us shouting in front of his office will yield immediate results…. We don’t have to approach Anil Singhvi… He will come to us if we show that kind of solidarity.. And the scums sitting over there understands only this language.

[radhutheoptimist]

Some times back someone called Diana H used to write very critically about the management in this forum. I am not sure if the person is still holding the shares.

I don’t understand the purpose of meeting the promotors now and getting any clarifications. What is there to clarify now?

Is there a way to take any legal actions? As a group can we do anything?

….and stop Bakths. I don’t want all those SKRBakths to come and sing bajans here saying ‘SKR never asked us to invest… This is market..risk is ours’.

The question before us is if there is any illegal action committed by the promotors can we explore taking legal action as a group or sit and watch?

[radhutheoptimist]

If this is not the right time to buy shares from open market for ESOP…then when. Why they are waiting.Is management expecting any further fall in the price. Let’s not a hear answers like they don’t want to create artificial demand for the stock. They have their confidence first to the market.

Please include this point also in the question to the management.

[radhutheoptimist]

I copied this from one of the Telegram groups. This is related to decent bulk deals. Please read the discussion points shown in the screen shot. Couldn’t figure out what is happening. But the numbers seem too big. Can experts in this group comment on this please.

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[radhutheoptimist]

Let’s stop protecting the promotors unnecessarily. 4+ lakhs of retailers have invested in this scrip with certain hope. And we see this kind of message from authorities. Let’s not phoo phoo such serious issues.

[radhutheoptimist]

Any opinion to share about the AGM?

[radhutheoptimist]

I am taking everything with a pinch of salt. Last time it was media mint, Shankar Sharma entry and audio company acquisition. Price zoomed like a rocket. Then all those bonus issue, SHP issue, FA issue came. Then what happened to the share everyone knew. I am not trying to be a pessimist here. But let’s be cautious while dealing with BCG. Just stay grounded without building castles in the air.
Remember crores of preferential shares getting unlocked from today. Let’s be cautious. Unless they set their corporate governance right retail need to be extremely alert.

[radhutheoptimist]

The announcement of second bonus and the delay in distributing the bonus everything is pre-planned to help the operators cartels. Promotors are very much hand in glove with the operators. It is a shame that promotors having such a good business in hand indulge in these kind of cheap tactics just to make money… Distorted vision… Sad to see this from an IIT ian.

[radhutheoptimist]

Can someone please through some light about 44 Ventures mentioned briefly in the con call. How is it related to BCG. My understanding so far is group of top guys of one of the main subsidiary of BCG formed a new company 44 Ventures. Has BCG invested in that? What will be the impact?

[Author]

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